Barak Obama Urges Congress To Enact Tax Proposals To Support The US Job
Post on 21,February 2012   2:00 AM
By - PolyEyes Staff
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Washingtin,Feb,21:US President Barack Obama urged Congress to enact tax proposals that provide the support to the technology companies and other businesses activity in country that help create jobs in the U.S. rather than overseas in the form of outsourcing their work.

Boeing Co., whose Everett, Washington, jet factory Obama visited few days back, has "put thousands of folks to work all over the US," Barak Obama said in his weekly radio speak and Internet address. "We want to see more of this. We need to make it as easy as we can for our companies to create more jobs in America. And that starts with our tax code."

Barak Obama revealed that the US companies had created 3.7 million new jobs over the last 23 months, adding, "Companies like Boeing are realizing that even when we can't make things cheaper than China, we can make things better. That's how we're going to compete globally."

"No company should get a tax break for outsourcing jobs," Obama said. He urged helping "manufacturers who set up shop here at home," particularly technology companies. "And Congress should send me that kind of tax reform right away."

The address was aired a day after Obama's advisers said in an annual White House report to Congress that they expect the US economy will gain good strength in 2012 and add 2 million jobs will be created in this way.

A "plausible range" for the average unemployment rate this year would be between 8 percent and 8.6 percent, the report said, citing private forecasters.


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